How New York Regulatory Oversight Further Boosts Ethereum
When the Gemini Trust Company begins trading Ether Monday at 9:30 a.m., offering ETH/BTC and ETH/USD trading pairs on two order books, a new chapter begins with the world’s first licensed Ether exchange. Ether is the crypto-asset and token of the Ethereum network, and has emerged as the leading altcoin and is the fastest growing digital currency. Gemini founders Tyler and Cameron Winklevoss planned from their company’s beginning two years ago to provide a platform to allow customers to trade digital assets in addition to bitcoin. Over the past six months, Gemini recognized Ether as a....
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Last week's poll looked into a topic that has had the bitcoin community pulling in either direction. The question we asked: Do you think bitcoin exchanges require regulatory oversight? In total, the poll received 157 votes (which is better than the week prior, but we'd love to get more participation in the coming weeks). When all was said and done, 92 of the 157 voters (or about 58.6 percent) of respondents say that they think bitcoin exchanges should not be overseen by regulatory agencies. As you can imagine, the other 41.4 percent (or 65 respondents) said that they do think that bitcoin....
The Gemini exchange, founded and operated by Tyler and Cameron Winklevoss has gained the approval from the State of New York via the Department of Financial Services to offer trading of Ether, the crypto-asset and token of the Ethereum network. In an announcement today, the New York State Department of Financial Services has given its approval for Gemini to offer trading of Ether, the native token of Ethereum. Gemini launched in October 2015 after gaining a charter to operate as a virtual currency exchange, without the need for a BitLicense whilst regulated as a fiduciary, granting it the....
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” In a draft of a statement expected to be released tomorrow, countries representing the world’s largest economies said that they would initially oppose the launch of Facebook’s Libra project.According to an Oct. 12 report from Reuters, central bankers and finance ministers from the United States, Canada, Japan, Germany, France, Italy, and the U.K (also known as the Group of Seven, or G7), said it would halt global stablecoin projects pending appropriate....
The New York State Department of Financial Services (NYDFS) announced on Tuesday that they would be begin considering proposals and applications for the establishment of bitcoin exchanges in the State. Such establishments would, of course, be subject to regulation. But more importantly, serve to pave the way to efficient (yet effective) oversight of such financial institutions in the nation's third-most populous state. "Firms may immediately submit formal proposals and applications to operate virtual currency exchanges in order to help expedite the process of putting in place greater....
Benjamin Lawsky fights for regulation of cryptocurrency exchanges in state of New York. In an official statement made last Tuesday, the financial authorities of New York said that they would soon begin accepting applications for virtual currency exchanges. These would include those dealing in Bitcoins. This is a consequence of regulator's growing interest in the technology. It was Benjamin M. Lawsky, the city's Superintendent of Financial Services who issued the public order. Need for stronger oversight. In the light of the demonstrated need for stronger oversight of virtual currency....